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Contd
Kilmore & Kilmore West could potentially FILL the exploration target to near Fosterville's? Helpful's post below talks of DYKES and both SXG's Sunday Creek & 100% RRR Kilmore & Kilmore West has DYKES [marked in purple on Geo map].
SHOCKER: RRR's Kilmore has a OFF-SET swarm dyke interpretation as well so 2 SWARMS, not 1 like SXG Sunday Creek.!!!
FOSTERVILLE -SUNDAY CREEK - RRR KILMORE & KILMORE WEST [100%]:
Fosterville started in 1894 approx from recall and the initial shallow grades were not that great @1g/t and 3-4g/t from recall. It was only when they discovered the DEEPER deposit at Fosterville or nearby, that they HIT HIGH GRADE and therefore mining was underground. So, FOSTERVILLE HAD A RE-DISCOVERY OF HIGH GRADE DEEPER. SXG's RISING SUN AND APOLLO were also Victorian mines and again SXG DRILLED DEEPER and all their presentations said "R E - DISCOVERY" of Sunday Creek. RRR 100 Kilmore and Kilmore West : OPPOSITE SUNDAY CREEK @SXG, THERE WAS A KILMORE MINE l i n e a r at Kilmore and Donnybrook gold fields at Kilmore West. So, again , potentially perhaps the same exploration vision as the other two.
DL:
He tweeted and said :"I am sure the lads in Victoria are BUSY ---==ON THE BOUNDARY CLOSE TO SUNDAY CREEK doing their GEO thing."- June 15,2024 tweet. In this tweet, the data of Fosterville, Sunday Creek & RRR Kilmore/Kilmore West is given [open the tweet]. https://twitter.com/DavidLenigas/status/1801966135161528639
RRR RE-TWEETED THE DL RELEASED NEW GEO MAP:
https://twitter.com/DavidLenigas/status/1801101875011264659 dated 13 June 2024. DL was asked by someone on Twitter for the Geo map.
CONCLUSION:
How can SXG's Sunday Creek have ALL THE DEPOSITS? After all, KILMORE-KILMORE WEST WAS THE 1ST GOLD TOWN and only when it ran out, they discovered and went to SUNDAY CREEK, 14 mins away or 5miles. Yes, there is a boundary but geology has dykes, swarms and CORRIDOR trends of mineralisation as nature distributed the gold and antimony. As Dr Nick Cook stated in the presentation, the CORRIDOR goes from Sunday Creek to KILMORE WEST , up back to Kilmore, Sunday Creek and then on to COSTERFIELD & FOSTERVILLE. So, it would now seem that DONNYBROOK GOLD FIELDS @KILMORE WEST was or appears to be the STARTING SUNDAY CREEK TREND, hence the Victorian mining, then Kilmore Mine at Kilmore, then to SUNDAY CREEK ==========AND THEN NORTH WEST TO COSTERFIELD GOLD MINE & FOSTERVILLE GOLD MINE.
Ah, now it is in RRR 100% ownership. It is in the Geo map that DL showed. Hence, why the RRR Geo 's are at the BOUNDARY as DL said doing their Geo thing. DYOR, NIA. It is all there in the two links I gave via 1 Geo Map and historical data.
On Wed, 12 June 2024, RRR met the deadline of the deal in which POW will see 49.9% of New Ballarat Gold Corp to RRR.
RRR had 50.1% so they are the operator. RRR also mentioned that they are now again in discussions with a 3rd party in relation to potentially list at another venue kinda of thing. Further , TECHNICAL work commissioned etc will also be released in due course. [Please check above this page for the detailed RNS verbatim]. RRR new name for the potential IPO is "SUNDAY CREEK GOLD.". One would guess the potential IPO is at the ASX given both PoW and RRR agreed to extend the deal AFTER THE ASX OPENED on Mon, after their holiday.
WHAT IS NEW?
Southern Cross Gold, ASX who own Sunday Creek gold project REVEALED that the SUNDAY CREEK TREND is = moving W E S T == Moving West is to ===RRR 100% KILMORE & KILMORE WEST. RRR had commissioned a NE43-101 and a Teck Geo Report [Pow did 1 of their own as well on West Kilmore DONNYBROOK GOLD field @120g/t gold to determine IF the Sunday Creek Trend E X T E N D E D into Kilmore-Kilmore West. Per Paul Johnson, 1st PASS historical stated YES due to the DONNYBROOK gold mine @120g/t gold. RRR's Teck Geo Report, pg 1 showed the Sunday Creek trend DID EXTEND into Kilmore.
NEW GEO MAP - DL RELEASED UPON REQUEST [RE-TWEETED BY RRR]:
This is the new Geo Map to see: [1] D Y K E S donated by purple ticks [2] DYKE SWARMS INTERPRETATION in grey. [3] The Dyke Swam interpretation LOOKS LIKE A CURVED 1/2 LOOP from SXG Sunday Creek into RRR 100% KILMORE-KILMORE WEST. [4] With the eye, ==IT LOOKS LIKE THE DYKE SWARM INT IS AS LARGE @RRR 100 VS SXG SUNDAY CREEK!!! [5] One can see at SXG Sunday Creek, it is CONCENTRATED at RISING SUN, higher grade [Going West to RRR Kilmore] & APOLLO [lower grade]. [6] In the new Geo RRR map, it shows DONNYBROOK AVERAGE GRADE 142 g/t gold. BIG==DIFFERENCE between 120g/t gold via Paul's historic data and the new AVERAGE 142g/t gold. Fosterville's average grade is 31g/t gold@2.72moz gold [Fosterville mine]. Sunday Creek historical grade 33 g/t au gold.!! The current SXG Sunday Creek average grade is not yet known until drilling ends to obtain grade from composite drilling grades.
CONCLUSION: I read 1 comment from an Aussie in that they reckon that SXG'S MKT CAP OF OVER A$500M HAS NOW TAKEN IN the 2 deposits and there is NOTHING ELSE ie main 2 deposits. HOW CAN THERE BE LOOKING AT THE MAP AND WHAT THE CEO OF SXG IN RECENT TIMES SAID: SUNDAY CREEK TREND ========***MOVING WEST****===, SO YAH, HE CANT PRODUCE ANY FURTHER RISING SUN'S LoL. This was what DL / A.Bell realised in recent times and hence why the RRR Geo's were asked to do further tech work and DL SHOWED THE NEW GEO MAP above.
SXG SUNDAY CREEK: EXPLORATION TARGET: 1.6MOZ gold inc equivalent @antimony.
This is the pickle. Sunday Creek @SXG is NOT AS BIG AS FOSTERVILLE @2.72MOZ at 31 g/t gold.!!! So, the Aussie reckons that their project at Sunday Creek@SXG cant grow any further ? Well, RRR KI
Correcting myself from 13:49, I was actually referring to the second link in Helpful's post from 11:32...
Bell has discussed RRAL... NBGC with the background of the interest that Fosterville generated, showing why the land area was interesting and this was before... the recent interest Sunday Creek is generating.
Cheers...
Just as a simple add on to what Helpful and News were discussing; the second link in Helpful's 13:32 post includes the Mawson CEO referring to Victoria ground as perhaps the hottest in the world. He says (am paraphrasing) the mineralogy from the Fosterville gold mine is rewriting the geological opportunity across the area.
Bell and Johnson did well by putting stakes into RRAL, as said previously, I've heard Bell discuss the opportunity with highlighting of Fosterville to show why the area was interesting even before the recent developments in Sunday Creek.
Have a good day : )
News,
https://www.southerncrossgold.com.au/projects/sunday-creek
"The Sunday Creek Project is a shallow orogenic (or epizonal) Fosterville-style deposit located approximately 60 km north of Melbourne"
https://mawsongold.com/news-releases/mawson-triples-landholding-at-sunday-creek-and-outlines-exploration-plans-for-its-victorian-goldfields-projects-in-australia/
"Mawson are sharply focused on the epizonal (or Fosterville) style."
"mineralization is hosted by breccia zones within, or proximal to dykes with mineralization continuing along structures that extend into the sedimentary country rock. The dykes form multiple undrilled parallel trends over more than 11 kilometres with historic epizonal gold-mines (Figure 2). At Golden Dyke, gold grades within quartz-stibnite veins ranged up to 120 g/t gold and 50% stibnite"
DYOR
Here is the video from Pierre Lassonde posted on the Southern Cross Gold Twitter a/c:
https://twitter.com/SouthernCrossG3/status/1780777792151626219 dated 18 Apr 2024.
"Pierre Lassonde talks SXG!!!.. people that I trust AND GEOLOGY THAT IS GIVING. I like the management, they really know what they are doing.""Watch from the 52:20 min mark." -Tweeted by Southern Cross.
The above is due to the comment on this forum about PoW selling their 49.9% share to RRR Australia.
"Following TECHNOLOGICAL developments in the 2000's, deposits such as FOSTERVILLE began once again mined, with underground operations as deep as 2016, EXPLORATION drilling at Fosterville led to the DISCOVERY of the PHENIX zone, where -------COar#se VISIBLE gold in QUARTZ carbonate VEINS were constantly intercepted. 15.1m@1,429 g/t au gold, 12.5m @500g/t au & 19m @112.g/t au. With the HIGH GRADE zone being defined, an upgraded mineral resource of an additional 66% was developed with further exploration upside still to go."
"This gives experienced geo's to undertake DETAILED desk-top studies, where the new F O S T E R VI L L E- LIKE exploration can be applied. Pg 3 , shows Kilmore & Kilmore West ." [Corridor to Fosterville].
First Equity Broker Note, 6 Aug 2020 https://www.rrrplc.com/wp-content/uploads/2020/08/RRR_Broker_Research_06.08.2020_Final.pdf
Comment: Given Southern Cross Gold 'S SUNDAY CREEK next door to RRR Kilmore & Kilmore West, 14 mins away or 5miles coming to attention, I posted Pierre Lassonde's interview wherein he stated: "SUNDAY CREEK: FOSTERVILLE-LOOK ALIKE." This interview can be found on Twitter @Southern Cross Gold [2nd from top] from recall. Reason for posting above? This is in response to comment as to why PoW sold Kilmore & Kilmore West to RRR of their 49.9% per the CEO of PoW. Sunday Creek , Kilmore/West, Costerfiled & Fosterville are of the DEVONIAN age [ref: latest Southern Cross Gold presentation] vs Orcadian age for Ballarat & Bendigo an earlier age.
RRR DRC: I posted last night on RRR.GB.PL the EXACT VERBATIM from Clear Capital Broker Note @RRR wherein the litigation matter was mentioned. The $430m was cited in this note. Also, that RRR had taken LEGAL ADVICE on potential litigation outside the DRC. I am today, looking slowly thru so many RRR broker notes to find that A$20m I recall reading. As to the above, in short; SUNDAY CREEK PER PIERRE LASSONDE, FOUNDER OF FRANCO NEVADA is a "FOSTERVILLE LOOK-ALIKE" so that is from a billionaire and he has participated in [his own personal capacity via his own co ] SXG's of Oz's rights issue of A$10m recently. To check, see the SXG Ann/RNS. Kindly check.
For accountability purposes. Try it some time helpful.
Helpful, you are living proof that opinions are like ar5eholes 🤣
Ah, your opinion.... You mean like the placing you promised for two months?
Luckily we are not dependent on your opinion.
RRR cannot even secure the money from the DRC, what chance do they have getting anything from Glencore? They have a vast legal department and finances, RRR has Bell and zero cash. Also if Glencore had any worries they would have bought RRR out and nullified any potential claim. Imo.
Can you take at face value anything that Hapless says given that over the last 5 years he’s got nothing right or do you place more weight on what Zumore says given that he been pretty accurate in his comments and predictions?
As for never having held shares in Red Rock so what. With no vested interest you can be objective. You can’t say the same for Hopeless.
TDT
Nike, I looked at this. Z is on filter. He has never been a shareholder in RRR. He was a shareholder in RGM.
As you say his point is drenched in supposition.
Here the issue is the difference between form and substance. Of course, the form shows that all the boxes were ticked but the substance is otherwise. This ability to constantly ignore unfavorable information is called Nelsonian Knowledge.
Inducing a business partner of a third party to conduct themselves to that third party's disadvantage is called Tortious Interference. It doesn't matter what boxes were ticked if someone tortiously interferes with your business relationships, you have suffered a wrong and compensation is due.
Obviously a number of issues then arise; which jurisdictions, what was the tort, can it be proven on the balance of probability (beyond all reasonable doubt is the Criminal test), what was the loss, can it be proven? So...
Avanti!
DYOR
Attempt 2:
I see there is supposition going on regarding a joint venture that went walkies..
No matter how clever, scepticism is communicated and how well researched another asset video is gleaned and extrapolated, put on the pre-said sceptical context - it doesn't alter that it is still supposition.
After a few beers, food and watching various sport, I'm not even going to attempt to read back RNS's but will say I remember RRR were slightly over 50% of the obtained asset in question. Think I am correct on that memory so will not add any more interpretation as that would fall in to supposition.
Regarding the topic of interest I do think it is interesting to read / listen to what RRR says plus any official broker / audit comments - as presumably they review the topic of interest as well.
I sse there is supposition going on regarding a joint venture that went walkies...
No matter how c
Zumore DRC/Glencore
My perception VUP held title to licenses which were recorded in their name, then did a JV with RRR (with no change in title). then VUP sold the lincense to Glencore. So the legal issue to determine Glencore's liability is whether or not Glencore had knowledge of the RRR JV or that RRR had some sort of claim on those license.
Obviously RRR will point to its own news releases as well as any press coverage within DRC to claim the information was publicly available. RRR can also point to any communications to/from RR & Glencore (if any such communication exists)
as well as any work done on the property, exploration permits or any other paperwork filed within DRC.
Are Gecamines actions connected to Glencore ? I agree those dots have to be connected. What are actual details? or Gecamines just happen to buy a property for $20 million and then happened to find a buyer for $420million? did they do any work on the property?drilling? increase in the price of copper?
Voluntary? I have no doubt there was 'legal'' agreement to transfer the property in exchange for $20 million so Yes in that sense it was 'voluntary' VUP was not forced to sell.
Helpfully the below Stockbox interview is broken into segments.
So if you click on "Agreement" on the video at 4 min 36 secs, you will hear Andrew Bell talking about his loose business arrangement with Sam Mahendran. Notice how he stresses how important it is to be the licence holder.
https://m.youtube.com/watch?v=jJGVMs2LosQ
I've posted this numerous times but the dates match and so this is the likely land deal between Gecamines and the Glencore subsidiary that contained the former VUP/ RRR JV licenses.
So no $430 million sale that some keep lying about. And i'm quite sure that the Glencore subsidiary made sure all licenses were legally owned by Gecamines before the deal completed.
See the dates and this extract from a Red Rock RNS and then look at the date of the below Glencore RNS:
"A purported surrender by VUP of the JV Assets and some others, for $20,000,000 compensation, to La Générale des Carrières et Mines ("Gécamines"), a state-owned company in the Democratic Republic of Congo, under the terms of a purported Amicable Termination Transaction Protocol ("Protocol"). The Protocol was stated to have been signed on 4 December 2019, notarized on 29 September 2021, and come into enforceable form on 5 October 2021, and to have been entered into in the framework of discussions by Gécamines with a third party."
https://www.lse.co.uk/rns/GLEN/katanga-announces-agreement-to-acquire-land-rights-fv11cerfyb01a1p.html
It's also highly likely that VUP could relinquish those licenses (for compensation) without Red Rock's knowledge was because VUP were the licence holders and Red Rock were not. So yes Red Rock may be p*ssed that their JV partner greedily but voluntarily relinquished all licenses but at the end of the day it was Red Rock's partner who scr*wed them over by handing those licenses back and quite rightly Red Rock are trying to get a share of any $15 million.
I know some may not like this but maybe that VUP voluntarily relinquished those licenses meant Gecamines got those licenses legally. So what Gecamines then sold them on for is nothing to do with Red Rock.
"Then @RRR_RedRockwill get a lot of eyeballs on it.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Is that Lenigas getting down with his homies?
TDT
Tricky by all means forward a list to RRR/AB. Personally I have never seen one in an international case and even more would a case involving the DRC
I admit they are common in personal injury cases and securities fraud, both of which have an extensive history of litigation which then led to the no upfront fee legal firms since there was an established history of successful outcomes.
Perhaps you see more of this in the UK,
Personally my opinion remains the same -first sucessful outcome in the DRC since if there is no case against Glencore until first liability is established after all if the DRC believes nothing wrong was done then any case against Glencore would be frivolous resulting in damages awarded against RRR for bring the case
large involving Elon Musk and Teksa in the US
No they won’t, FUD merchants are a very special breed of individual that gives up hours of their day FUDIng away on AIM small caps. They do it even in the face of 500% moves up. Between this thread and a few corkers on ADVFN I plan to write a book about it.